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canderson, When you sell an appreciated asset you pay capital gains tax on your sale price less what you paid for it and sales expense. The rate you pay depends on your tax bracket. It's lower than the rate you pay on wages. What was paid for the asset is sometimes hard to determine if you don't ha...

I'm not really clear on UTMAs as I hadn't heard of it before we became married. I need to examine the tax implications of withdrawing money from that account. The UTMA should have been transferred to the custody of your wife long ago and would now be no different from any other taxable account. In ...

JW, thank you for the reply. I should have stated that more clearly - I'd only max out the Roth yearly contribution, not clean out the UTMA altogether. The UTMA has a substantial amount of money in those closed admiral shares at a low (iirc .30) cost. I guess I read too much into your post. If you ...

JW, thank you for the reply.

I should have stated that more clearly - I'd only max out the Roth yearly contribution, not clean out the UTMA altogether. The UTMA has a substantial amount of money in those closed admiral shares at a low (iirc .30) cost.

Greetings! First I should say I've long been a Boglehead, but for the last few years due to job issues, health issues and various other things I haven't (unfortunately) paid as much attention to my retirement accounts as I definitely should. Hence, finally registering here for the guidance of fellow...